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Holiday Loan from IDBI Bank in Unnao

The industrial city of Unnao in the Indian state of Uttar Pradesh functions as the headquarter of the Unnao district. It has three industrial suburbs around it. Unnao is a part of Central Ganges Plain and the region falls under the Kanpur-Lucknow Counter Magnet Area. A new satellite town of Unnao by the name of Trans Ganga City is being built to develop Unnao as a major infrastructural and industrial and hub. Unnao was earlier known for its dense forest cover until the 12th century when Godo Singh of the Rajput clan cleared the forest and established a settlement in the area called Sawai Godo. This town went into the hands of the rulers of the Kannauj. A governor was appointed to look after the place, but he was killed by a Bisen Rajput called Unwant Rai Singh. Thus the area passed on to the usurper Unwant Rai Singh, who built a fort and renamed the place as Unnao after himself. Unnao is known for its leather, chemical industries and mosquito nets. Tanning is the biggest contributor to Unnaos economy, followed by the dye and printing of mosquito nets. The city has many historical buildings and structures apart from beautiful lakes and scenic landscapes.

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Low interest rate Home Loan in Unnao, 19 April 2019 from IDBI Bank

IDBI Bank was established to provide credit and other financial facilities for the development of the fledgling Indian industry, in 1964. The Government of India owns it. It is a nationalized bank treated on par with State Bank of India (SBI) and other nationalized banks as per the notification dated 26th February 2013 by the finance ministry. At present,77% stake in IDBI Bank is holding by the government. In the current fiscal of 2017-18, the bank made a loss of Rs.853 crore compared to a profit of Rs.241 crore earned during the last fiscal year. It currently has 3,817 ATMs, 1,995 branches, including one overseas office in Dubai. On June 29, 2018, Life Insurance Corporation of India (LIC) has got a technical go-ahead from IRDAI to increase stake in IDBI Bank up to 51%. The RBI formed a committee which recommended the development financial institution (IDBI) to diversify its activity and harmonize the role of development financing and banking activities by getting away from the conventional distinction between commercial banking and developmental banking. The bank had 16,555 employees, out of which 197 were employees with disabilities, as on 31st March.

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